BMN 1.57% $3.14 bannerman energy ltd

40b to build 4 nuclear reactors, page-5

  1. 1,381 Posts.
    Great posting guys.

    Why do I like it?
    - There is a construction date
    - There is a construction budget

    This means they WILL go ahead.

    The great thing is the implication is the $40 bil isnt solely for the reactors.

    "Emirates Nuclear Energy Corp. said Sunday it chose the Korean team because it was "best equipped to fulfil the government's partnership requirements." The state-run company valued the deal for four 1,400-megawatt reactors at about $20 billion."

    This means there are roughly $20 bil of other costs outside the construction cost. Some of these other costs will include sourcing U308 supply for the 4 reactors.

 
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